About Andrew L. Jagoda

Andrew Jagoda advises clients that finance, buy, sell, build, lease and manage real estate properties in all asset classes. He also has extensive experience representing both lenders and borrowers in workouts and restructurings. Having assisted both the US government and the government of the People's Republic of China in disposing of billions in real estate assets, he is prepared to handle the most challenging transactions.

Counsel for all real estate assets and all business cycles

Andrew is the quintessential real estate lawyer for all asset classes — including distressed assets — and all business cycles. He advises clients on transactions involving large office buildings, hotels, retail centers, industrial facilities and multifamily properties, both on an individual property and on a portfolio basis. He has represented lenders in a variety of loan transactions, including construction loans, multiproperty financings, mezzanine loans and ground lease mortgage loans (involving both fee and leasehold positions). Andrew also represents property owners in the acquisition, sale and development of property, including the negotiation of construction contracts and construction financing, permanent financing and joint ventures with equity investors. Andrew's practice also includes the representation of both landlords and tenants in ground leases and in office and retail leases. His clients include insurance companies, banks, developers, foreign and US investment funds, family-office investors, landlords, tenants and nonprofit organizations.

Andrew takes a holistic approach with his clients, with a focus on a client's position in the market and not only with respect to individual transactions. He routinely works with clients to develop and upgrade their operating platforms and document forms, and he assists clients in anticipating and addressing market trends and issues.

In his 35-year career, Andrew has considerable experience over numerous cycles advising clients with distressed real estate assets, which includes representing lenders with the workout, restructuring and foreclosure of real estate and construction mortgage loans. He has also helped his clients take back mortgage properties in deed-in-lieu transactions, bought and sold impaired real estate loans and bought and sold REO. During the COVID-19 pandemic, he served as co-chair of a group of Katten real estate attorneys who assisted a major financial institution to modify over 200 commercial mortgage loans, involving hotels, multi-family residences, office building and retail centers located throughout the United States, in order to provide borrowers with short-term relief.

Andrew's 35-year career has included public service representing US taxpayers in the real estate crisis in the early 1990s. In this role, he served as counsel at the Resolution Trust Corporation (RTC), a federal agency charged with the disposition of real estate assets from failed financial institutions. At the RTC, he advised on the disposition of approximately $4 billion of assets. Andrew also represented China Huarong Asset Management Corporation, an agency of the government of the People's Republic of China, in a series of bulk sales of more than $1 billion of nonperforming loans and foreclosed properties, structured as joint ventures between Huarong and investors. These were among the first such transactions conducted in China. Andrew has also represented the heirs of victims of the Holocaust in the recovery of art stolen by the Nazis.

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Practice Focus

  • Real estate finance
  • Real estate acquisition and development
  • Affordable housing and community development

Representative Experience

  • Represent two financial institutions in connection with two luxury condominium construction projects in Manhattan that have stalled due to large cost overruns and are now facing debt of approximately $500 million and $200 million.
  • Represented the owner of a shopping mall in Glendale, Wisconsin, facing a mortgage debt of $205 million in a deed-in-lieu transaction.
  • Represented the owner of an office building in Woodridge, New Jersey, facing a mortgage debt of $220 million in a deed-in-lieu transaction.
  • Represented the owner of an office building in Fairfield, New Jersey, facing a mortgage debt of $23 million in a deed-in-lieu transaction.
  • Represented the owner of a multifamily property in Manhattan in foreclosing on a mortgage debt of $36 million.
  • Represented the owner of an office building park in Brookhaven, Long Island, New York, in foreclosing on a mortgage debt of $14 million.
  • Represented a major financial institution in the restructuring of a condominium construction project in Manhattan involving mortgage debt of $100 million.

Presentations and Events